Arguing that what is supposed to have epitomised bourgeois modernity, especially the emergence of a 'modern' state and political culture in continental Europe, signalled the persistence of precapitalist social property relations

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Sections include – England, capitalism, and the bourgeois paradigm; The modern state; The missing idea of sovereignty; Popular sovereignty, democracy and revolution; Components of a capitalist culture; A national economy; No great transformation, Model I – England as Ancien Régime; No great transformation, Model II – England as perennial capitalism; and Conclusion - capitalism and the ambiguity of progress